Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>IGST Payments: Use Input Tax Credit Hierarchy-IGST First, Then CGST, Followed by SGST; Settle Remaining in Cash.</h1> The Integrated Goods and Services Tax (IGST) can be paid using Input Tax Credit (ITC) or cash. The payment hierarchy requires that available ITC of IGST be used first, followed by ITC of Central Goods and Services Tax (CGST) if the IGST credit is exhausted. If both IGST and CGST credits are depleted, ITC of State Goods and Services Tax (SGST) may be used. Any remaining IGST liability must be settled in cash. The GST system enforces this hierarchy for IGST payments using credits.
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